technologolical forces


Changes in technology which can have a significant impact on a company's processes, pricing of competition or even the obsolescence of a company's product. If one company develops a product which is technologically superior to another company's product at a competitive price, the impact of that advancement will be felt by both firms.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
technological progress technology